Answer Posted / lakshmi v.p
FEATURES OF FEMA.
. It will facilitate trade rather than prevent misuse of
foreign exchange.
· Definitions of capital account transaction and current
account transaction have been introduced keeping in mind the
possibility of introduction of capital account
convertibility in the near future.
· All current account transactions shall be allowed
(subject to reasonable restrictions). Reserve Bank to
classify those capital account transactions that are to be
permitted and to regulate transfer and issue of foreign
securities by a resident in/outside India as well as setting
up of branches/offices by foreign companies in India.
· All key sections relating to dealings, holding and
payments in foreign exchange and exports have been simplified.
· Liberalization in enforcement provisions reflects that
the attitude is of putting trust in the persons covered
| Is This Answer Correct ? | 19 Yes | 11 No |
Post New Answer View All Answers
is the carbon dust collected from the stask of diesel set is hazardous waste ?
contempt of court places a restriction on?
In France, if a person sees somebody drowning, they have a legal obligation to help them. Should this be the case in the UK?
When was your resilience tested? Please tell me how to answer this Que.
can an outsider put a criminal case against members of the cooperative society on personal ground though matter of the society where each member is not paid by the society and does voluntary service , secondly can the police call each and every member after getting bail from the magistrate be called by the police at any time without any proper questions being asked by the police every now and then since in the bail it is written that the police can call the members at any time for interrogation, after going for interrogation one finds that there were no questions asked . thirdly have they to report to th epolice every time they go out of india
What kind of advocacy experience do you have apart from those taught on the LPC ?
What is the meaning of withhold tax and give the example
Please explain me the latest rules of VAT for Andhra Pradesh like different vat rates, date of payment of VAT and forms of payment, Forms of VAT Returns and date of filing of such returns. Excise Duty present rate, date of payment and date of returns.
what type of financing is outstanding and how is it accounted for?
Difference between insurance contract and general contract?
IN E-1 AND C SALES WHETHER 1ST BUYER CAN SELL / TRANSFER THE TITLE OF GOODS TO 2ND BUYER IN THE SAME STATE WHEN 1 ST BUYER PURCHASED FROM OTHER STATE USING HIS ROAD PERMIT?
Are school uniforms a contravention of human rights?
whether WCT is applicable on free issue of material?
What is LC (latter of Credit) what is it use. Whos make LC & Why. How can we ammended a LC is it Posible to ammendment in LC if Yes (How)if no (How)& what we do that LC
Can we sue employer if the employer is deducting the Rs.1665/- from the employee towards PF including the PF admin charges (1.61%) and depositing without adding a single Rupee from his pocket. DO the employer has right to deduct PF admin CHarges from Employee. Under what sections of PF we can sue employer. THanks